Course in Financial Controlling and Planning Mechanisms in Oil Sector

This course offers a course on financial controlling and planning mechanisms in the oil sector, focusing on practical strategies for effective control and accountability. This course emphasizes the importance of financial management to address the challenges posed by falling oil prices, achieve tangible returns on oil investments, and develop a clear vision for successful production and distribution.

Effective management, overseen by senior executives and financial managers in both domestic and international oil companies, is vital for reforming oil management in affected countries. This approach supports long-term economic stability and competitiveness, enhances production, and helps establish a diversified industrial base beyond the oil sector, fostering growth through export-oriented industries.

Oil is primarily a liquid formed from hydrocarbons, resulting from high temperatures acting on animal remains enriched with carbon over many years. As these remains are buried under layers of mud, they become compressed and heated, gradually transforming into substantial oil reserves. Pollution from oil spills poses significant threats to marine life, as it affects the ability of marine mammals, seals, and other species to survive in their natural habitats.

Environmental contamination, especially from oil, is a pressing issue for contemporary society, hindering economic development. One gallon of oil leakage can contaminate millions of gallons of water, making the problem difficult to manage. Therefore, it is essential to implement protective measures in oil facilities to mitigate these risks and safeguard the environment.

By the end of the course, participants will be able to:

This course offers this course to the following categories:

• Seniors,Control and budget Managers in oil institutions
• The officers of the oil institution’s aims.
• Employees in accounting and financing
• Chemical engineering workers.
• Petroleum Engineers.
• The workers in petroleum facilities security.
• The workers in the environmental control services.
• The workers of work quality control in the oil facilities.
• Oil, gas and mining engineers and juniors.

After completing the program, participants will be able to master the following topics:

• Method of performance financial and administrative control for oil prices at the state level and public and private companies.
• Basic view of financial and accounting in oil sector.
• Financial reports of oil industry.
• Ideal procedures to limit oil price collapse
• Results of consequences of  oil price collapse for producing and exporting Arab countries.
• Real financial disclosures in oil sector and in future of global oil prices.